Qs17-3: Compute the annual dollar changes and percent changes (horizontal analysis) for each of the following accounts. 2017 $374,634 97,364 0 2016 $234,000 101,000 Dollar Change Percent Change Short-term investments Accounts receivable Notes payable EX17-4: Express the following comparative income statements in common-size percents Gomez Corporation Comparative Income Statements For the Tears Ended December 31, 2017 and 2016 2017 2016 Dollar 5740,000 560,300 179,700 128,200 51,500 Percent Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income Dollar $625,000 290,800 334,200 218,500 115.700 P17-4A: Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31, 2016, were inventory, $48,900; total assets, $189, common stock, $90,000; and retained earnings, $22,748.) Compute the following ratios CABOT CORPORATIONN Income Statement For Year Ended December 31. 2017 448,600 Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income taxes Net income 297,250 151,350 98,600 4,100 48,650 19,598 29,052 CABOT CORPORATION Balance Sheet December 31, 2017 Liabilities and Equity 10,000 Accounts payable 8,400 Accrued wages payable 29.200 Income taxes payable 17 Assets Cash rt-term investments 3,200 3,300 Accounts receivable, net Notes receivable (trade) Merchandise inventory Prepaid expenses Plant assets, net Total assets payable,secured 4,500 Long-term note 63,400 90,000 62,800 240,200 32,150 by mortgage on plant assets 2,650 Common stock 153,300 Retained earnings 240,200 Total liabilities and equity